FHFA Director Pulte said he found $100 million in cost savings at Fannie Mae alone.

“I think we’ve referred five or six different people to the DOJ, just in terms of Chinese and North Koreans working in the companies,” Pulte said.

Recent comments by the FHFA director suggest the Trump administration has no immediate plans to release Fannie and Freddie from conservatorship. Rather, FHFA will continue to focus on fraud and abuse at the enterprises.

FHFA Director Bill Pulte didn't participate in Freddie's first-quarter earnings call, as he did for Fannie's on Wednesday, but his presence was felt.

FHFA's new director made an appearance at Fannie Mae's first-quarter earnings call.

There was also a slight year-over-year decline in Fannie servicing.

Fannie's previous forecast was released just prior to changes in tariff policies.

Interest rates on mortgages increased by nearly 30 basis points during a two-week span.

Since he was appointed by President Trump as FHFA’s leader, Pulte has revamped board membership at the GSEs and fired Freddie’s CEO.

Because they’re currently in conservatorship, S&P still rates GSE senior debt as if it were the sovereign credit of the U.S., at AA+.